Capita (LON:CPI) Earns “Buy” Rating from Canaccord Genuity Group

Capita (LON:CPI)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a GBX 900 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 233.87% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Shore Capital Group reiterated a “buy” rating on shares of Capita in a report on Thursday. Berenberg Bank lowered their target price on Capita to GBX 330 and set a “hold” rating for the company in a report on Wednesday, March 11th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 464.20.

Capita Stock Down 2.5%

Capita stock opened at GBX 269.57 on Friday. The company has a market capitalization of £306.63 million, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.18 and a beta of 0.66. The company has a debt-to-equity ratio of 964.14, a quick ratio of 0.53 and a current ratio of 0.54. Capita has a fifty-two week low of GBX 168 and a fifty-two week high of GBX 415.50. The firm has a 50 day moving average price of GBX 338.31 and a 200 day moving average price of GBX 337.97.

Capita (LON:CPI) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 49.71 EPS for the quarter. Capita had a negative return on equity of 142.88% and a negative net margin of 7.45%.

Insider Activity at Capita

In other Capita news, insider Adolfo Hernandez bought 34,540 shares of Capita stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 279 per share, for a total transaction of £96,366.60. Also, insider Pablo Andres purchased 12,178 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of GBX 280 per share, with a total value of £34,098.40. Over the last ninety days, insiders have purchased 58,718 shares of company stock worth $16,346,500. 13.40% of the stock is owned by insiders.

Key Stories Impacting Capita

Here are the key news stories impacting Capita this week:

• Positive Sentiment: Capita agreed to sell its private‑sector contact‑centre business as it refocuses on public services and pensions; the disposal was cited as the main near‑term catalyst lifting the shares. Capita shares jump on sale of call centre business
• Positive Sentiment: Capita sold private‑sector contact centres — company update/press coverage highlighting the strategic refocus that investors view as value‑creative. Capita Sells Private Sector Contact Centres to Refocus on Public Services and Pensions
• Positive Sentiment: Canaccord Genuity reaffirmed a “buy” rating and retains an aggressive GBX 900 price target — a very bullish signal from a broker that could support upside sentiment. London Stock Exchange
• Positive Sentiment: Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 450 price target, adding further buy‑side support. London Stock Exchange
• Positive Sentiment: Deutsche Bank raised its price target from GBX 300 to GBX 320 (rating: hold) — a modest upgrade to valuation assumptions that reduces near‑term downside. London Stock Exchange
• Positive Sentiment: Shore Capital reaffirmed its “buy” rating, another broker reiteration supporting the trade after the disposal news. Digital Look

Capita Company Profile

Capita is a modern outsourcer, helping clients across the public and private sectors run complex business processes more efficiently, creating better consumer experiences. Operating across 8 countries, Capita’s colleagues support primarily UK and European clients with people-based services underpinned by market-leading technology. We play an integral role in society – our work matters to the lives of the millions of people who rely on us every day.